2024-12-31-accounts

REGISTERED COMPANY NUMBER: CE024359 (England and Wales) REGISTERED CHARITY NUMBER: 1192775

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Career Compass

HKL Accountants Limited 45 Cheriton Avenue Clayhall Ilford Essex IG5 0QL

Career Compass

Contents of the Financial Statements for the Year Ended 31 December 2024

	Page
Report of the Trustees	1
Independent Examiner's Report	2
Statement of Financial Activities	3
Balance Sheet	4
Notes to the Financial Statements	5 to 9
Detailed Statement of Financial Activities	10

Career Compass

for the Year Ended 31 December 2024

Report of the Trustees

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

CE024359 (England and Wales)

Registered Charity number 1192775

Registered office 175a Hoe Street Walthamstow London E17 3AP

Trustees

A Khalique R McCaskill J Brown

Company Secretary

Independent Examiner

HKL Accountants Limited 45 Cheriton Avenue Clayhall Ilford Essex IG5 0QL

Approved by order of the board of trustees on 6 October 2025 and signed on its behalf by:

A Khalique - Trustee

Page 1

Independent Examiner's Report to the Trustees of Career Compass

Independent examiner's report to the trustees of Career Compass ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Haris Khawaja FCCA The Association of Chartered Certified Accountants

HKL Accountants Limited 45 Cheriton Avenue Clayhall Ilford Essex IG5 0QL

6 October 2025

Page 2

Career Compass

Statement of Financial Activities for the Year Ended 31 December 2024

	31.12.24	31.12.23
	Unrestricted
	fund	Total funds
Notes	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies	40,404	15,319
EXPENDITURE ON
Other	26,661	24,389
NET INCOME/(EXPENDITURE)	13,743	(9,070)
RECONCILIATION OF FUNDS
Total funds brought forward	(2,392)	6,678
TOTAL FUNDS CARRIED FORWARD	11,351	(2,392)

The notes form part of these financial statements

Page 3

Career Compass

Balance Sheet

31 December 2024

		31.12.24	31.12.23
		Unrestricted
		fund	Total funds
	Notes	£	£
CURRENT ASSETS
Cash at bank		13,232	490
CREDITORS
Amounts falling due within one year	5	(1,881)	(2,882)
NET CURRENT ASSETS/(LIABILITIES)		11,351	(2,392)
TOTAL ASSETS LESS CURRENT
LIABILITIES		11,351	(2,392)
NET ASSETS/(LIABILITIES)		11,351	(2,392)
FUNDS	6
Unrestricted funds		11,351	(2,392)
TOTAL FUNDS		11,351	(2,392)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

• (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

• (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 6 October 2025 and were signed on its behalf by:

A Khalique - Trustee

The notes form part of these financial statements

Page 4

Career Compass

Notes to the Financial Statements for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 5

continued...

Career Compass

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

3. STAFF COSTS

	The average monthly number of employees during the year was as follows:	The average monthly number of employees during the year was as follows:
		31.12.24	31.12.23
	No employees received emoluments in excess of £60,000.
4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted
			fund
			£
	INCOME AND ENDOWMENTS FROM
	Donations and legacies		15,319
	EXPENDITURE ON
	Other		24,389
	NET INCOME/(EXPENDITURE)		(9,070)
	RECONCILIATION OF FUNDS
	Total funds brought forward		6,678
	TOTAL FUNDS CARRIED
	FORWARD		(2,392)

Page 6

continued...

Career Compass

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.12.24	31.12.23
			£	£
	Trade creditors		(1)	-
	Tax		1,882	2,882
6.	MOVEMENT IN FUNDS		1,881	2,882
			Net
			movement	At
	At 1.1.24		in funds	31.12.24
		£	£	£
	Unrestricted funds
	General fund	(2,392)	13,743	11,351
	TOTAL FUNDS	(2,392)	13,743	11,351
	Net movement in funds, included in the above are as follows:
	Incoming		Resources	Movement
	resources		expended	in funds
		£	£	£
	Unrestricted funds
	General fund	40,404	(26,661)	13,743
	TOTAL FUNDS	40,404	(26,661)	13,743
	Comparatives for movement in funds
			Net
			movement	At
	At 1.1.23		in funds	31.12.23
		£	£	£
	Unrestricted funds
	General fund	6,678	(9,070)	(2,392)
	TOTAL FUNDS	6,678	(9,070)	(2,392)

Page 7

continued...

Career Compass

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

6. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	15,319	(24,389)	(9,070)
TOTAL FUNDS	15,319	(24,389)	(9,070)

A current year 12 months and prior year 12 months combined position is as follows:

		Net
		movement	At
	At 1.1.23	in funds	31.12.24
	£	£	£
Unrestricted funds
General fund	6,678	4,673	11,351
TOTAL FUNDS	6,678	4,673	11,351

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	55,723	(51,050)	4,673
TOTAL FUNDS	55,723	(51,050)	4,673

Page 8

continued...

Career Compass

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.

Page 9

Career Compass

Detailed Statement of Financial Activities
for the Year Ended 31 December 2024
	31.12.24	31.12.23
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Donations	40,404	15,319
Total incoming resources	40,404	15,319
EXPENDITURE
Other
Wages	20,758	20,025
Pensions	1,045	912
IT, Computer, Website cost	242	212
Advertising	4,461	2,750
Post and Stationery	-	490
Sundry expense	155	-
	26,661	24,389
Total resources expended	26,661	24,389
Net income/(expenditure)	13,743	(9,070)

This page does not form part of the statutory financial statements

Page 10

Trustees’ Annual Report for the period

From 01/01/2024 Period start date To 31/12/2024 Period end date

Charity name: Career Compass

Charity registration number: 1192775

Objectives and Activities

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SORP reference
Summary of the purposes of Para 1.17 The advancement of education for the
the charity as set out in its public benefit of socially disadvantaged
governing document young people who are secondary school
students in state education in London or
elsewhere in the UK, in particular but not
exclusively by educating said young people
in the working practices and methods of
professional organisations by offering
mentoring programmes and seminars from
industry experts.
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Objectives and Activities	Objectives and Activities	Objectives and Activities
SORP reference
Summary of the purposes of the charity as set out in its governing document Para 1.17 The advancement of education for the public benefit of socially disadvantaged young people who are secondary school students in state education in London or elsewhere in the UK, in particular but not exclusively by educating said young people in the working practices and methods of professional organisations by offering mentoring programmes and seminars from industry experts.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Career Compass offers the following programmes to state educated sixth form students in London and other social mobility cold spots across England: - Career skills workshops, designed to improve the students’ employability: oCV masterclass oAce your job interview oEmails that get you noticed oApprenticeship vs. university workshop oFinancial education workshop oChoose the career of your dreams oUcas & personal statement oAspiring to oxbridge oPersonal statement training oCover letter masterclass oApplication hacks oHow to network oFuture-proof skills oFuture-proof jobs in the age of AI - Industry overview session to give students an insight into an industry that is of interest to them oCurrently covering 10 different industries

		- Provision of work placements and days in the office in the industry of interest. - Advertise partner programmes, that are majorly aimed at BAME and female students, as well as students from underprivileged backgrounds. - Individual CV feedback and application support
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18

Additional information (optional) You may choose to include further statements where relevant about:

----- Start of picture text -----
SORP reference
Career Compass ensures that all grants
Para 1.38 and donations are used transparently and
Policy on grant making responsibly to advance our charitable
objectives. Funds are allocated based on
clear criteria aligned with our mission: to
improve social mobility through education
and employability support. We prioritise
activities that deliver measurable impact for
students, ensure value for money, and
maintain full accountability through regular
reporting and independent oversight.
N/A
Para 1.38
Policy on social investment
including program related
investment
Volunteers are at the heart of Career
Para 1.38 Compass. They contribute their time,
Contribution made by expertise, and enthusiasm to help students
volunteers develop key employability skills, review
CVs, run mock interviews, and share
insights from their professional journeys.
Their commitment not only enriches our
programmes but also inspires students to
aim higher and believe in their potential.
Together, they help us make every
opportunity more personal, impactful, and
inclusive.
Other
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Achievements and Performance

SORP reference

Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Career Compass is currently working with 190+ state sixth forms across London and other social mobility cold spots across England. So far, we have empowered 10,000+ students to pursue the career of their dreams, equipping them with the necessary tools to do so. We are closely working with each student to clearly identify their need and help them best prepare for their future working life.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41	We continue to meet our objectives in reaching set numbers of schools, students and employers that we are looking to work with.
Performance of fundraising activities against objectives set	Para 1.41	N/A
Investment performance against objectives	Para 1.41	N/A
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	We have a surplus of £11,351. We are holding in cash £13,232 and have a liability of £1,881.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	We ensure we have sufficient funds to meet the ongoing financial commitments.
Amount of reserves held	Para 1.22	£13,232
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	No uncertainity

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	N/A
Investment policy and objectives including any social investment policy adopted	Para 1.46	N/A
A description of the principal risks facing the charity	Para 1.46	N/A
Other

Structure, Governance and Management

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Description of charity’s
trusts:
Type of governing Para 1.25 Constitution
document
(trust deed, royal charter)
How is the charity Para 1.25 CIO
constituted?
(e.g unincorporated
association, CIO)
Trustee selection methods Para 1.25 (a) Every charity trustee must be
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Structure, Governance and Management	Structure, Governance and Management	Structure, Governance and Management
Description of charity’s trusts:
Type of governing document (trust deed, royal charter) Para 1.25 Constitution
How is the charity constituted? (e.g unincorporated association, CIO) Para 1.25 CIO
Trustee selection methods	Para 1.25	(a) Every charity trustee must be
including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees		a natural person. (b) No individual may be appointed as a charity trustee of the CIO: •if he or she is under the age of 16 years; or •if he or she would automatically cease to hold office (c) No one is entitled to act as a charity trustee whether on appointment or on any re- appointment until he or she has expressly acknowledged, in whatever way the charity trustees decide, his or her acceptance of the office of charity trustee. (d) At least one of the trustees of the CIO must be 18 years of age or over. If there is no trustee aged at least 18 years, the remaining trustees may only act to call a meeting of the charity trustees, or appoint a new charity trustee.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51	Every new trustee will be given a copy of the current governing document, accounts, as well as a presentation about the current state of affairs by the COO.
The charity’s organisational structure and any wider	Para 1.51	N/A

network with which the charity works
Relationship with any related parties	Para 1.51	N/A
Other

Reference and Administrative details

Charity name	Career Compass
Other name the charity uses	Previously The Property Prize
Registered charity number	1192775
Charity’s principal address	175A Hoe St, London E17 3AP

Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Arsalan Khalique Since 14/12/2020
2 Jessica Brown Since 14/12/2020
3 Ross McCaskill Since 14/12/2020
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
	Arsalan Khalique
	Trustee
	Date 08/10/2025
	Date 08/10/2025